Last week, property developer Vingroup established a subsidiary, Vingroup Ventures Joint Stock Company, to offer consultancy and support services.

The company has a chartered capital of VND70 billion (US$3 million) and its main business is to support start-ups.

It is headquartered in Vinhomes Riverside Eco-Urban Area, Ha Noi.

Vingroup owns 70 per cent of the charter capital; the rest belongs to Thai Van Linh (10 per cent) and Nguyen Hong Quan (20 per cent).

Linh was appointed as the general director and legal representative of Vingroup Ventures.

Linh was born in 1977 in HCM City. She started living in the US when she was two years old and graduated with a master’s of Business Administration in the US. She worked for US companies Stamps.com, The .tv Corporation and Banc of America Securities.

In July 2008, Linh decided to come back to Viet Nam and worked as the head of strategy and operations of VinaCapital.

She has also appeared on the local edition of Shark Tank and is the founder of several businesses. — VNS